![]() ![]() In this short blog post we are going to give a brief definition on what an LFO is and why it is so important in a conveyance procedure. Although an LFO does not (usually) apply to resale properties, the fact is buyers are requesting it too more and more, especially if a lender is involved. In Spain, an LFO is a big deal when you buy property, especially if it is off-plan.Īn LFO is a crucial document on buying off-plan property that draws a line between what is legal and what is not, in general terms. ![]() You may have heard the term ‘Licence of First Occupation’ (LFO, for short) before and wonder what the fuss is all about.
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